A Metal Like No Other

Will gold hit $2,000?

WITH GOLD AT HIGHS NOT SEEN since the early 1980s -- trading at more than $650 an ounce last week -- where can it go from here?

Well: If you view gold as just another commodity with ornamental and industrial uses, then the fundamentals are telegraphing a grossly overvalued market, with a collapse to $200 not unlikely. But gold's also a monetary metal, safe-haven investment and hedge against inflation -- which the recent price rally...